10-Q/APeriod: Q1 FY2010

MICROCHIP TECHNOLOGY INC Quarterly Report (Amendment) for Q1 Ended Jun 30, 2009

Filed August 10, 2009For Securities:MCHPMCHPP

Summary

Microchip Technology Incorporated (MCHP) filed its quarterly report on Form 10-Q for the period ended June 30, 2009. This filing provides investors with an update on the company's financial performance and condition amidst the prevailing economic climate of 2009. The report details the condensed consolidated financial statements, management's discussion and analysis, and other relevant disclosures, offering a snapshot of the company's operations during the quarter. Investors should pay close attention to the revenue trends, profitability, and cash flow generation as presented in the financial statements. The discussion on financial condition and results of operations will be crucial for understanding the factors influencing these metrics, including any impacts from the global economic downturn. Furthermore, the risk factors section will highlight potential challenges and uncertainties that could affect Microchip's future performance.

Financial Highlights

51 data points
Beta

Revenue

$192.95M

50.0% Gross Margin

Net Income

$27.37M

14.2% Net Margin

EPS (Diluted)

$0.07

Total Assets

$2.39B

Cash & Equivalents

$576.98M

Free Cash Flow

$115.07M

Financial Statements
Beta
Revenue$192.95M
Cost of Revenue$96.51M
Gross Profit$96.44M
R&D Expenses$27.64M
SG&A Expenses$36.38M
Operating Expenses$65.26M
Operating Income$31.18M
Interest Expense$7.52M
Net Income$27.37M
EPS (Basic)$0.07
EPS (Diluted)$0.07
Shares Outstanding (Basic)366K
Shares Outstanding (Diluted)371K

Key Highlights

  • 1Filing is a quarterly report (Form 10-Q) for the period ended June 30, 2009.
  • 2Microchip Technology Incorporated is a Delaware corporation.
  • 3The report includes condensed consolidated financial statements (Balance Sheets, Income Statements, Cash Flows) for the relevant periods.
  • 4Management's Discussion and Analysis of Financial Condition and Results of Operations is a key section for understanding performance drivers.
  • 5Quantitative and Qualitative Disclosures About Market Risk are provided.
  • 6Information on legal proceedings and risk factors is included.
  • 7As of July 31, 2009, Microchip had 182,951,234 shares of common stock outstanding.

Frequently Asked Questions

This Form 10-Q filing covers the quarterly period ended June 30, 2009.

The report includes Condensed Consolidated Balance Sheets as of June 30, 2009, and March 31, 2009, and Condensed Consolidated Statements of Income and Cash Flows for the three months ended June 30, 2009, and 2008.

The filing indicates that Microchip Technology Inc. is not a large accelerated filer or an accelerated filer, and is not a smaller reporting company. It falls into the non-accelerated filer category or is not explicitly defined by these classifications in this specific filing snippet.

Yes, the report lists Item 1. Legal Proceedings and Item 1A. Risk Factors, indicating that information regarding ongoing legal matters and potential risks to the business is provided within the filing.